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Property profile & analytics
OFF-MARKET
Estimated value
$3,245,000
Grocery and convenience stores
4510 Lee Blvd Lawton, OK 73501-6558
Individually Owned
7-yr Hold
Free & Clear
Property ID
US69-0441689
Property summary
AI-generated overview
This exceptional investment opportunity presents a 28,760-square-foot, single-tenant grocery store in Lawton, Oklahoma. The property, built in 1984 and renovated in 2021, boasts a strong absolute NNN lease with a corporate guarantee from Associated Wholesale Grocers, Inc. (AWG), a major player in the grocery industry with over $10 billion in annual sales. The lease, currently at 100% occupancy, features a remaining term of 4.4 years, with two 5-year renewal options. The property enjoys a prime location, being the only grocery store within a 4-mile radius. The asking price is $2,300,000, representing a compelling $79.97 per square foot and an 8.01% cap rate based on a Net Operating Income (NOI) of $184,129. The ground lease is also in place, expiring April 3, 2024, with seven 5-year renewal options. This presents a low-maintenance, high-return investment with significant long-term potential, further enhanced by recent tenant improvements valued at approximately $400,000. The property is situated at 4510 SE Lee Blvd, Lawton, OK 73501. This is a leasehold ownership.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1984
Construction
BRICK
Total area
28,760 SF
Lot
4.51 ac (196,456 SF)
APN
42631
UPID
US69-0441689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Coinstar Bank Credit Union
-
Western Union Bank Credit Union
-
City National Bank & Trust ATM Atm
-
ATM Atm
-
City National Bank & Trust Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.25M
Owner & transaction history
Lawton Grocers Ltd · 7 yrs held
Lawton Grocers Ltd
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+37.7%
Office building
$3.1M
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lawton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,895,000
Current use
COMMERCIAL (GENERAL)
$3,985,000
Change: +38% · Conversion: Easy
OFFICE BUILDING
$3,140,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,066
Tax year 2023
Assessed value
$176,307
Assessed 2023
Previous assessed
$167,911
+5.0% YoY
Effective rate
10.81%
On assessed value
Assessed land
$64,542
Assessed improvement
$111,765
Land market value
$573,703
Improvement market value
$1,543,687
Total market value
$2,117,390
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
28,760 SF
Lot
4.51 ac (196,456 SF)
APN
42631
UPID
US69-0441689
Jurisdiction
COMANCHE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
4.51 ac
Current owner
From public records · entity-resolved
Lawton Grocers Ltd
Individual
Free & Clear · 7 yrs held
Mailing address
105 DECKER CT STE #1080, IRVING, TX 75062-2339
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2019
$1,363,500
Lawton Grocers Ltd
Newkirk Jle Way LP
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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